Bitcoin's market outlook has shifted from bearish to bullish, maintaining this stance for the second consecutive week, according to CryptoQuant analyst Axel Adler Jr. A comprehensive model analyzing various market data shows Bitcoin's status score rebounding from a low of -42.9 on June 26 to +34.7. Over the past week, the score remained positive over 80% of the time, peaking at +65.3 on July 10, indicating a shift from seller dominance to a stronger buyer presence.
The model's sub-indicators currently align in the same direction with a consistency of 79.4%, significantly higher than this month's average of 57.3%. This suggests that the bullish signals are not mere noise. If the market score rises above +50 and consistency remains over 80%, the bullish trend will be further confirmed. Conversely, if the score falls below zero and consistency drops below 40%, the current trend will be considered invalid.
Bitcoin Bullish Signals Strengthen with 79% Indicator Consistency
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